Eurozone central bank hawk pushes for winding down of bond buying
Hamburg — European Central Bank board member Sabine Lautenschlaeger has called on her colleagues to discuss winding down their bond-buying programme. "All preconditions for a stable rise in inflation exist," she said in a speech in Hamburg on Tuesday. "I am optimistic we can soon turn to the question of an exit." Her remarks could raise pressure for a withdrawal of quantitative easing. Bank president Mario Draghi says the ECB’s governing Council has not discussed it. Criticism of the central bank has mounted in Germany, which holds elections this year, as its inflation rate rises and deposit rates for savers stay near zero. Even so, Lautenschlaeger warned against reading too much into headline numbers, saying it is important to sustain consumer-price growth.
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